Main Component Finish Process: Oxide
The finishing process “Oxide” was (negatively) predictive of profitability
DATA505 Final Presentation
Predicting Part Profits
We used a linear regression model to predict which of CravenSpeed’s parts will be most profitable over time. Overall, we found that parts like the FlexPod are likely to be most profitable for CravenSpeed. It is a small, inexpensive plastic part that is useful for many makes, models, and years.
Importance Chart
We used a random forests technique to show which features are most important to this model.
Number of Components
We converted this to a number, ranging from 0 to 31 included in each SKU.
Percent Ordered for Stock
This variable suggests retailers are order many of this product.
Product Type
A few product types are especially profitable over the period of this dataset, the FlexPod, Performance and Other in particular.
Percent Drop Shipments
Listing Type: Variant
Variants tend to be less profitable.
Year Range
We created this feature to show the number of model years a product works for.
Main Component Material
Plastic and rubber parts are negatively associated with profits.
Main Component Mfg Process
Print was negatively associated with profit.